EA US COURSE

1.Introduction:

  • EA: Enrolled Agent
  • Regulatory Body: The Enrolled Agent qualification is regulated by the Internal Revenue Service (IRS), USA.
  • Skill Set: It emphasizes in
  • US Individual & Business Taxation Expertise
  • Tax Return Preparation
  • IRS Representation & Compliance
  • Tax Planning & Advisory Skills
  • Analytical & Problem – Solving Skills
  • Strong Knowledge of US Tax Laws
  • Client Handling & Professional Ethics

2.Why Choose EA: The EA is a powerful qualification for building a career in US Taxation

  • Direct authorization by the Internal Revenue Services (IRS)
  • Global demand is US tax & outsourcing roles
  • Authority to represent clients before the IRS
  • Short course – only 3 exams
  • High – paying roles in MNC’s & consulting firms
  • Excellent scope in India and Overseas

3.Syllabus Structure: The EA syllabus consists of 3 parts

Part 1

Individuals

Part 2

Businesses

Part 3

Representation, Practices & Procedures

Filling status & dependents

Gross Income & adjustments

Deductions & credits

Capital gains, retirement income

AMT & tax calculations

 

Schedule C & deprecation

Partnerships & Corporations

Payroll & employment taxes

Business deductions & accounting methods

IRS audits & appeals

Taxpayer rights

Penalties & compliance

Ethics & professional responsibilities

4.Mode and Pattern of Exam:

  • Computer – Based Test
  • Objective – type
  • Exam window: January – March and May – November

5.Passing Criteria:

  1. Student has to secure 105 out of 150 per part

6.Other Regulations:

  • Prepare Tax Identification Number is mandatory to practice.
  • Continuing Professional Education (CPE)
  • 72 hours every 3 years
  • Minimum 16 hours per year, including 2 hours of ethics
  • Can practice and represent clients from anywhere in the world

7.Fee Structure:

Fee Details

Amount (Approx.)

Exam fee (per part)

USD 256 per part

PTIN (annual)

USD 30 – 35 per year

EA Enrolment Fee

USD 67

Renewal Fee (Every 3 years)

USD 67

Note:

  • Exam fees are paid directly to Prometric
  • Coaching / training fees are separate
  • Fees may change as per IRS / Prometric updates

8.Career Opportunities: Highly reputed jobs in US tax firms, Big 4 & MNC’s, accounting firms, outsourcing / KPO’s and independent practice in

  • US Tax Consultant
  • Enrolled Agent / IRS Representation
  • Tax Return preparer
  • US Tax Analyst
  • Tax Manager – US Taxation
  • Compliance & Advisory Specialist